The company owes nearly five million dollars and still hasnt gone to court to let it pay in seconds

category:Society
 The company owes nearly five million dollars and still hasnt gone to court to let it pay in seconds


Tens of millions and tens of millions of dollars are in arrears, and the creditors say they have no money at all. Ordinary people think that this statement is very reasonable, ah, million is not a small number, how can I say it back. However, for a business company, no money may not be really without money, but did not hit the pain point. On the 20th, the reporter learned from the Peoples Court of Guancheng Hui Autonomous Region in Zhengzhou City, Henan Province, about 5 million yuan of debit and credit disputes, the court used an operation, the company immediately paid back the money, the case smoothly concluded. What is this operation?

Because of business needs, Zhengzhou Certain Industrial Co., Ltd. has borrowed many times from Zhao Mou. As of January 2017, the company owed Zhao a loan of 3.4 million yuan in principal and 1.13 million yuan in interest.

Seeing that the period does not pay back, Zhao decided to take up legal weapons to protect their rights and interests. In July 2017, Zhao applied to the court for property preservation before litigation. The court ruled that a piece of land under the name of Zhengzhou Industrial Co., Ltd. should be seized according to law.

Subsequently, mediated by the court, the two parties voluntarily reached the following agreement: Zhengzhou Industrial Co., Ltd. owed Zhao a principal of 3.4 million yuan and interest before October 30, 2017.

After expiration, the company failed to fulfill the content of the effective mediation, Zhao applied to the Guancheng Court for compulsory execution. After receiving Zhaos application for compulsory execution, the executive policemen of the Guancheng Court immediately served the execution notice and related legal documents to the executed Zhengzhou Industrial Co., Ltd. according to law, but Zhengzhou Industrial Co., Ltd. still refused to fulfill the obligations determined by the effective documents of the court. The Guancheng Court investigated the account under the name of the executed person and found that there was no property under the name of the executed person, so the court prepared to auction the land seized before the lawsuit according to law. I heard that the land was going to be auctioned. The companys principal couldnt sit down and fulfilled his obligations on his own initiative. The case ended smoothly. The judge in charge of the case reminded us that it is important to apply for pre-litigation property preservation in debit and loan disputes. Source: Dahe Net-Dahe Newspaper Responsible Editor: Su Honghong_NBJ9980

After expiration, the company failed to fulfill the content of the effective mediation, Zhao applied to the Guancheng Court for compulsory execution.

After receiving Zhaos application for compulsory execution, the executive policemen of the Guancheng Court immediately served the execution notice and related legal documents to the executed Zhengzhou Industrial Co., Ltd. according to law, but Zhengzhou Industrial Co., Ltd. still refused to fulfill the obligations determined by the effective documents of the court.

The Guancheng Court investigated the account under the name of the executed person and found that there was no property under the name of the executed person, so the court prepared to auction the land seized before the lawsuit according to law.

I heard that the land was going to be auctioned. The companys principal couldnt sit down and fulfilled his obligations on his own initiative. The case ended smoothly.

The judge in charge of the case reminded us that it is important to apply for pre-litigation property preservation in debit and loan disputes.